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Daily Dispatches
Gene Arensberg: Commercial gold and silver traders duck and cover
Submitted by cpowell on Sun, 2008-03-09 21:34 Section: Daily Dispatches9:30p ET Sunday, March 9, 2008
Dear Friend of GATA and Gold:
Gene Arensberg's "Got Gold Report" at Resource Investor sees some evidence that the large commercial traders are covering short positions in gold and silver on the commodities exchange. You can find Arensberg's report, headlined "COMEX Commercial Gold, Silver Traders Duck and Cover," here:
David Morgan: Is silver the sleeper?
Submitted by cpowell on Sat, 2008-03-08 17:15 Section: Daily Dispatches5:15p ET Saturday, March 8, 2008
Dear Friend of GATA and Gold:
Silver market analyst David Morgan of the Silver Investor letter does some informed musing on the white metal's price potential as the dollar-based international financial system unravels. Morgan's commentary is headlined "Is Silver the Sleeper?" and you can find it at GoldSeek's companion site, SilverSeek, here:
Dan Norcini: Silver longs again failed to go in for the kill
Submitted by cpowell on Sat, 2008-03-08 12:09 Section: Daily DispatchesBy Dan Norcini
www.JSMineSet.com
Friday, March 7, 2008
I mentioned last week that I would be eagerly awaiting today's release of the commitment of traders data so that we might perhaps get a better look at what is happening inside the gold and silver markets. You might want to reference the charts as you look this over.
Wall Street banks face 'systemic margin call,' Morgan warns
Submitted by cpowell on Sat, 2008-03-08 10:11 Section: Daily DispatchesBy Walden Siew
Reuters
Saturday, March 8, 2008
http://www.reuters.com/article/ousiv/idUSN0832645120080308
NEW YORK -- Wall Street banks are facing a "systemic margin call" that may deplete them of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase & Co. said in a report late on Friday.
Interest rate rift resembles one that led to 1987 market crash
Submitted by cpowell on Fri, 2008-03-07 23:01 Section: Daily DispatchesU.S. Pins Economic Hopes
on $200 Billion Liquidity Boost
By Ambrose Evans-Pritchard
The Telegraph, London
Saturday, March 8, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/08/cnusfe...
Bad credit? No credit? Just call Fast Bennie at 202-775-0946
Submitted by cpowell on Fri, 2008-03-07 21:14 Section: Daily DispatchesHe just wants to get you a loan.
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Fed Takes New Steps on Credit Crisis
By Jeannine Aversa
Associated Press
via Yahoo News
Friday, March 7, 2008
http://news.yahoo.com/s/ap/20080307/ap_on_bi_ge/fed_credit_crisis;_ylt=A...
IMF reform is a serious hurdle to gold sales
Submitted by cpowell on Fri, 2008-03-07 18:47 Section: Daily DispatchesBy Thomson Financial
via Forbes Magazine
Friday, March 7, 2008
http://www.forbes.com/markets/feeds/afx/2008/03/07/afx4747406.html
WASHINGTON -- When the Bush administration said in February that it could support the sale of a large chunk of the International Monetary Fund's gold supplies, gold prices fell a bit as investors saw the possibility of increased supply.
John Embry: Gold is still spectacularly underpriced
Submitted by cpowell on Thu, 2008-03-06 17:30 Section: Daily Dispatches5:27p ET Thursday, March 6, 2008
Dear Friend of GATA and Gold:
Sprott Asset Management's chief investment strategist, John Embry, argues in Investor's Digest of Canada that gold remains spectacularly underpriced, especially insofar as its recent nominal highs are only a fraction of what gold's 1980 high would be when adjusted for inflation since then. You can find Embry's commentary here:
Barrick irritated by delay of Pascua Lama mine in Argentina, Chile
Submitted by cpowell on Thu, 2008-03-06 17:22 Section: Daily DispatchesBy Helen Popper
Reuters
Thursday, March 6, 2008
http://www.globeinvestor.com/servlet/story/ROC.20080306.2008-03-06T19040...
NY Fed chief says low rates are needed for some time
Submitted by cpowell on Thu, 2008-03-06 17:15 Section: Daily DispatchesBy Pedro Nicolaci da Costa
Reuters
Thursday, March 6, 2008
http://www.reuters.com/article/ousiv/idUSNAT00378020080306
NEW YORK -- The U.S. central bank may need to keep interest rates low for some time if extreme stresses in financial markets persist, threatening the economy, New York Federal Reserve President Timothy Geithner said.